FT Vest U.S. Equity Max Buffer ETF - November

FT Vest U.S. Equity Max Buffer ETF - November is an actively managed exchange-traded fund designed to pursue a defined outcome tied to the price return of the SPDR S&P 500 ETF Trust over an approximate one-year period. It uses FLEX options to seek to match S&P 500-linked price returns up to a predetermined upside cap while aiming to provide the maximum available downside buffer during each annual November outcome period. The fund is structured for investors seeking packaged, rules-based equity exposure with embedded risk-management features rather than traditional passive index tracking. Its portfolio is concentrated in option positions and cash-like collateral, reflecting its synthetic approach to market exposure. FT Vest U.S. Equity Max Buffer ETF - November plays a specialized role in the U.S. ETF market by combining large-cap equity exposure with outcome-oriented portfolio design.